(Quoted with some edits from The China Daily News) An Africanews’ June 6 article “Why Africa will choose Beijing in ongoing US-China trade war” shows how successful China has been in building trade alliances that Trump the bluffery from Trump. Trump’s capitulation to Huawei is a majo[...]
Archive for the ‘Economics’ Category
BREAKING NEWS: Trump and Xi to Announce a Truce
Despite Trump’s bizarre lashing out with tariff threats at the EU, India, Vietnam, and even Japan, the rumor is that Xi and Trump will announce a truce when they meet around noon Saturday in Osaka. This announcement was predicted here n TA. China has been building economic defenses against[...]
Will Trump’s Trade Wars Kill Apple?
1 Illustration: Sarah Grillo/Axios (Axios, June 18, 2019, abstracted) A growing chorus of skeptics betting that Apple is headed the way of Blackberry and Nokia. In the midst of the Trump Trade Wars, Apple’s stock price has relied on more than $100 billion in stock repurchases last yea[...]
May 31st, 2019 - 11:35 am § in Economics
The US is no longer the world’s most competitive economy
(Fox News) The United States no longer has the most competitive in the world, according to annual rankings compiled by the Switzerland-based business school IMD. For the first time in nine years, Singapore replaced the U.S. as the world’s most competitive economy. The U.S. dropped down to third o[...]
May 29th, 2019 - 10:19 am § in Donald Trump, Economics
TRADE WAR: U.S. manufacturing growth hit a 10-year low in May
(CNBC 5/29/19) The U.S. manufacturing PMI (purchasing managers index) was 50.6 in May, the lowest level since September 2009, according to results from financial data firm IHS Markit released Thursday. “Growth of business activity slowed sharply in May as trade war worries and increased uncertai[...]
BREAKING NEWS: China Escalates Trade War!
China: Don’t say we didn’t warn you! The Global Times tweeted that China is “seriously” considering restricting rare earths exports to the U.S. China’s official state People’s Daily is hinting Wednesday that Beijing is about to retaliate against Trump by cutting [...]
The Manufacturing Boom: 10 Times The Gain in Manufacturing Jobs Versus Obama Era
The most impressive, perhaps only impressive, achievement of the Trump era is the growth in manufacturing jobs. (based, in part, on an essay in Forbes) When President Obama came to office he inherited two crisis .. the immediate threat of a second Great Depression and the longer-term threat of a per[...]
May 20th, 2019 - 9:27 am § in Donald Trump, Economics
MAGA: FORD TO CUT 10% OF ITS WORKFORCE
(AP) Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10 percent of its global salaried workforce. Sadly Don John seems to not at all understand econo[...]
Insights into China
As China emerges as a dominant global economic power, I find few places where I can read objective material of the new superpower. Two that I value are The Economist and Quartz. QUARTZ: Dear readers, SUBSCRIBE TO QUARTZ China is battling the United States to become the largest economy in the world, [...]
From each according to their ability, to each according to their needs.
Pity Mark Zuckerberg. He tries so hard to be a good guy, to show that capitalism works. But then there is Vladimir Putin! We do not know what Vladimir earns but he sure doesn’t worry about being seen as a good guy. Meanwhile, poor Mark only received $22.6 million in total pay and most of [[...]